Failing Just Fine: Assessing Careers of Venture Capital-backed Entrepreneurs Via a Non-Wage Measure

We thank Christian Miller for his outstanding research assistance. We also thank seminar participants at Harvard Business School for helpful comments. Gompers has consulted to general partners and limited partners investing in venture capital. Gompers received research support from the Division of Research, Harvard Business School. The views expressed in this paper are solely those of the authors and do not necessarily reflect the views of the Federal Reserve Bank of Philadelphia, the Federal Reserve Board, or the Federal Reserve System. Any errors or omissions are the responsibility of the authors. No statements here should be treated as legal or investment advice. All data used in this work are licensed through Harvard University The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.